property details

GREAT OPPORTUNITY TO GET ON THE PROPERTY LADDER!!! There are 2 x 2 bedroom apartments available under the Shared Ownership Scheme.

The properties are situated on a prestigious new development at Whitfield, in Archers Place. Whitfield is located in one of the most attractive corners of rural Kent, and close to Dover with the sea-front, ferry and freight terminal. The development is in a prime location for excellent road networks, the A2/M2, and the M20 via the Alkham Valley. Also within walking distance are the Tesco and B & Q superstores.

All apartments have fitted carpets, vinyl to kitchens and bathrooms, modern fitted kitchens and contemporary bathrooms, double glazing, gas central heating.

The price of the apartments range from £102,500 to £105,000, however under the Shared Ownership Scheme you can purchase a minimum of 25% and then rent the remaining difference from Town & Country Housing Group at an annual rate of 2.75%. For example on a 2 bedroom apartment priced at £102,500 you would need to purchase a minimum of 25% thus £25,625 ( most people would take a mortgage for this amount less deposits) you would then rent the remaining 75% (£76,875 x 2.75% per annum £2114.06. Divide this figure by 12 months and you get an monthly rent of £ (176.17). Please note this is an example only.

The properties are to be sold on 125 year leases. Please note that buyers can eventually buy up to the full100% of the property. There are also monthly service charges payable of £62.19..

A £250 non-refundable deposit is required once you have been accepted on the scheme. This will be deducted from your purchase when completion takes place. You will need further savings to pay for legal fees, valuation fees, removal costs and deposits on your mortgage etc.

To be eligible for these properties, applicants need to be initially qualified by Moat, the Homebuy agent. To do this if you go to www.Moat.co.uk and follow the Homebuy page it will take you to an on-line appliation form which you will need to complete. Moat will then contact you after a few days and give you a reference number and tell you if you are eligible for the Shared Ownership Scheme.

Buyers will also need to demonstrate a local connection to the Dover District Area either by living or working in the area currently.

Please note that the photographs and room measurements are not necessarily of the property you are considering purchasing, and you should make your own checks before proceeding. You should also check with your legal representative on legal issues before proceeding.

VIEWING By arrangement with the agents, Tersons 01304 202173